NBCC Secures Work Orders Worth ₹801.20 Crore from RBI and OSEPA
NBCC (India) Limited has secured new work orders totaling approximately ₹801.20 crore. These include ₹20.82 crore from OSEPA for hostel construction and ₹780.38 crore from the Reserve Bank of India for project management consultancy on office and residential complexes in Amaravati.
The total value of the new work orders is substantial and will contribute significantly to the company's revenue and order book.
The company has received significant new work orders, indicating business growth and positive future prospects.
NBCC (India) Limited has announced the receipt of significant work orders totaling approximately ₹801.20 crore (excluding GST). The orders were awarded in the ordinary course of business.
The first work order, valued at ₹20.82 crore, is from the Odisha School Education Programme Authority (OSEPA) for the construction of hostels under the DA JGUA Scheme in various districts of Odisha. This contract falls under Project Management Consultancy.
The second, and larger, work order amounts to ₹780.38 crore and has been awarded by the Reserve Bank of India (RBI). This contract is for Project Management Consultancy services for the construction of an office complex for the RBI in Nelapadu, Amaravati, Andhra Pradesh, and a residential complex for RBI officers and staff in Inavolu, Amaravati, Andhra Pradesh. Both entities awarding the contracts are domestic.
What to do with a filing like this
NBCC (India) Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by NBCC (India) Limited. Read the original for the full detail.